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economy. welcome to "your money." the u.s. economy is barely growing. now this is about gdp. don't change the channel. gdp, gross domestic product is important. it is the broadest measure of the value of everything we produce as an economy. and as those bars go up, we feel better. now this week we learned that in april, may and june the u.s. economy grew at a rate of just 1.7%. that means as an economy, we produce 1.7% more value than we did in the same period a year ago. that and $4 will get you a cup of coffee. what that doesn't tell you or me is how americans are feeling about the economy and how you're feeling decides whether or not this economy is going to get weaker or stronger. so i have compiled some numbers on the five economic indicators that have the greatest effect on you. think about this as the real feel of the economy. you can read about it in my column in the current issue of "money m "money" magazine. i've used government numbers to score economic performance in that time between one and ten. one indicates the worst level that that indicator has been at over
economy. welcome to "your money." the u.s. economy is barely growing. now this is about gdp. don't change the channel. gdp, gross domestic product is important. it is the broadest measure of the value of everything we produce as an economy. and as those bars go up, we feel better. now this week we learned that in april, may and june the u.s. economy grew at a rate of just 1.7%. that means as an economy, we produce 1.7% more value than we did in the same period a year ago. that and $4...
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Sep 23, 2012
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the big picture is the economy. if you want to predict how barack obama's vote goes in a state or demographic group, all you need to know is how many people approve of his handling of the economy. not overall but the handling of the economy. right now you have less than majority that approves of his handling of the economy. >> under 50% is a danger zone for an incumbent. >> absolutely. and the door is open for mitt romney to get those people who are dissatisfied with barack obama's handling of the economy. that is his task over the next six weeks. >> and that's what he's failed to do so far, get people to walk through the door that's been open all year. >> as a matter of fact, people's perception of the economy is getting better, whether consumer confidence or gallup tracking, their perception of the economy is improving. it's coming from democrats and independents. i think it's harder and harder for romney to make this a referendum on economy. that's why i go back to part two of his vulnerabilities is being elite a
the big picture is the economy. if you want to predict how barack obama's vote goes in a state or demographic group, all you need to know is how many people approve of his handling of the economy. not overall but the handling of the economy. right now you have less than majority that approves of his handling of the economy. >> under 50% is a danger zone for an incumbent. >> absolutely. and the door is open for mitt romney to get those people who are dissatisfied with barack obama's...
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Oct 6, 2012
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>> the economy will be better, but it's a question of how much better. let's not forget obama promised if he enacted his so-called stimulus, by today, the unemployment rate would be down to 5.5%. so, something's gone wrong. if you look at the minneapolis federal reserve website, there's an interactive feature that allows you to look at all the the business cycles since world war ii. it's the worst gdp performance and jobs perform ann of any president. things are getting better, but at such an anemic rate. >> let's move on. go ahead. jump in. >> you know what the problem was with that promise? they should have never made that. promises get people elected. promises get things passed, so now mitt romney says i'm going to create 12 million jobs over four years. 250,000 jobs a month. a ridiculous claim and what does the obama campaign do because morning in america sounds better than evening in america, the obama campaign says there's that's a low bar. we can do that, too. >> briefly here, you mentioned the idea of a conspiracy theory. this is the white house
>> the economy will be better, but it's a question of how much better. let's not forget obama promised if he enacted his so-called stimulus, by today, the unemployment rate would be down to 5.5%. so, something's gone wrong. if you look at the minneapolis federal reserve website, there's an interactive feature that allows you to look at all the the business cycles since world war ii. it's the worst gdp performance and jobs perform ann of any president. things are getting better, but at...
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Sep 16, 2012
09/12
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their economy is now shrinking. and this is only going to intensify, so we think that there's still considerable time for this pressure to work, but this is not an infinite window, and we've made very clear that the president's bottom line is iran will not have a nuclear weapon. >> let me move you to what's gone on in the middle east in arab countries and elsewhere. there is a "new york times" story this morning that suggests that the administration thinks this is a foreshadowing of a fall that will see sustained instability. does the administration expect to see these sorts of protests outside u.s. embassies and elsewhere throughout the fall? >> well, candy, first of all, let's recall what has happened in the last several days. there was a hateful video that was disseminated on the internet. it had nothing to do with the united states government and it's one that we find disgusting and reprehensible. it's been offensive to many, many people around the world. that sparked violence in various parts of the world, incl
their economy is now shrinking. and this is only going to intensify, so we think that there's still considerable time for this pressure to work, but this is not an infinite window, and we've made very clear that the president's bottom line is iran will not have a nuclear weapon. >> let me move you to what's gone on in the middle east in arab countries and elsewhere. there is a "new york times" story this morning that suggests that the administration thinks this is a...
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Oct 7, 2012
10/12
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that impression is more important than the facts and figures, particularly with the economy being such a big issue. let's put up a new issue. mitt romney on the right side and nobody standing next to him. when we come back. piling on jim lehrer. covering more debates than anyone else in history. do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. without freshly-made pasta. you could also cut corners by making it without 100% real cheddar cheese. but then...it wouldn't be stouffer's mac & cheese. just one of over 70 satisfying recipes for one from stouffer's. begins with back pain and a choice. take advil, and maybe have to take up to four in a day. or take aleve, which can relieve pain all day with just two pills. good eye. which can relieve pain all day with just two pills. one is for a clean, wedomestic energy future that puts us in control. our abundant natu
that impression is more important than the facts and figures, particularly with the economy being such a big issue. let's put up a new issue. mitt romney on the right side and nobody standing next to him. when we come back. piling on jim lehrer. covering more debates than anyone else in history. do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your...
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Sep 29, 2012
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the iranian economy is in crisis and high inflation and money has been choked off by sanctions and many iranians are embarrassed. is he becoming irrelevant now that he is really a in the last nine months of his presidency? his leadership there? >> you know, deb, i think that's a good question. i think we as americans, we think iran and we think ahmadinejad. you know, it has always been the case that in the iranian system, it's not the president, it's the supreme leader who calls the shots. now, ahmadinejad over eight years has come, you know, risen and gone down and risen and gone down in terms of his power, but, you're right to say that he's a lame duck and they have a presidential election in june and he's down to his last, you know, little more than six months and beyond that, beyond that, within the last two years, he and his inner circle have come under increased pressure and even rumors he might be arrested or those around him arrested. his power has declined and it has always been about the supreme leader. i think he still has some residual influence because he's the president, b
the iranian economy is in crisis and high inflation and money has been choked off by sanctions and many iranians are embarrassed. is he becoming irrelevant now that he is really a in the last nine months of his presidency? his leadership there? >> you know, deb, i think that's a good question. i think we as americans, we think iran and we think ahmadinejad. you know, it has always been the case that in the iranian system, it's not the president, it's the supreme leader who calls the...
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Sep 4, 2012
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. >>> reggie love knows the president as a strong midrange shooter. >> he'll take his midrange jumper and he'll attack the basket. he'll knock down open shots when he's got them. >> the kind of guy you want on your side. love has been on the president's team since the campaign days. what's he like when he's just hanging out? >> he's like a guy, you know. he likes the bulls. he likes the bears. he likes sports. like most guys i know. which can sometimes be hard for some people. they're like, oh, wait, he's just like me. he's the president. >> as his personal assistant and confidant, love's seen the president as few others have. >> he's very much a person who enjoys the simple things in life. enjoins watching a good game. enjoys a good cocktail. is competitive at everything he does. if it's bowlin
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. >>> reggie love knows the president as a strong midrange shooter. >> he'll take his midrange jumper and he'll attack the basket. he'll knock down open shots when he's got them. >> the kind of guy you want on...
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Sep 7, 2012
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economy on the brink. markets plummet worldwide. from the very moment president obama sat behind the desk, resolute in the oval office, he knew. he knew he had not only to restore the confidence of a nation, but he had to restore the confidence of the whole world. and he also knew -- he also knew that one, one false move could bring a run on the banks or a credit collapse to put another several million people out of work. america and the world needed a strong president with a steady hand and with the judgment and vision to see us through. day after day, night after night, i sat beside him as he made one gutsy decision after the other to stop the slide and reverse it. i watched him. i watched him stand up. i watched him stand up to intense pressure and stare down enormous, enormous challenges, the consequences of which were awesome. but most of all, i got to see firsthand what drove this man. his profound concern for the average american. he knew. he knew that no matter how tough the decisions he had to make were in that oval office,
economy on the brink. markets plummet worldwide. from the very moment president obama sat behind the desk, resolute in the oval office, he knew. he knew he had not only to restore the confidence of a nation, but he had to restore the confidence of the whole world. and he also knew -- he also knew that one, one false move could bring a run on the banks or a credit collapse to put another several million people out of work. america and the world needed a strong president with a steady hand and...
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Sep 1, 2012
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we want to be a country that grows the economy and not one that redistributes the wealth and has class divisions and race divisions and gender divisions. >> do you really believe -- i guess i mean i suppose that i understand the rhetoric, but do you really believe that the other side wants race division and class divisions and don't want to grow the economy? >> well, listen, if you are a hammer, everything is a nail. if you're a liberal, everything is race, gender and class. and the flaw with that is several things. it's, one, there's a homogeniaty in this group-think that every woman, every class, thinks the same way. they do not. there's tls fault of the static, like when facts change, people rational people change. they did like obama. they thought he was change in '08. he's been nothing but bad change. his recovery -- been worst than the recession. that's the fact. that's what the electorate is going to be responding to >> i did a very bad job on moderating this. i apologize to both you. i got to leave it there. paul, thank you. mary, thank you. i want to bring in a blogger, andrew
we want to be a country that grows the economy and not one that redistributes the wealth and has class divisions and race divisions and gender divisions. >> do you really believe -- i guess i mean i suppose that i understand the rhetoric, but do you really believe that the other side wants race division and class divisions and don't want to grow the economy? >> well, listen, if you are a hammer, everything is a nail. if you're a liberal, everything is race, gender and class. and the...
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Oct 8, 2012
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>> the economy, foreclosures on the houses? >> foreclosures? >> yeah. >> reporter: today, nevada is suffering through high levels of foreclosures, 12% unemployment, with the latino community especially hard hit. a recent cnn/orc poll shows three-quarters of latinos are more concerned about the economy than immigration policy. >> since most of these people work in the casino industry and the tourism industry, if the casino and the tourism industry is not making money, they lay people off. so, thighs are the first line of workers who get laid off when times are hard some, when these people get laid off, they can't pay their bills. when they can't pay their bills, they lose their home. so, we have a lot of work to do. >> reporter: these are problems plaguing latinos across the country, problems latinos look to their politicians to solve. but is either party really listening? >> how you doing, sir? >> reporter: ahead -- >> ruben key win, running for u.s. congress. >> reporter: ruben's quest to become nevada's first ever latino congressman. >> i'm r
>> the economy, foreclosures on the houses? >> foreclosures? >> yeah. >> reporter: today, nevada is suffering through high levels of foreclosures, 12% unemployment, with the latino community especially hard hit. a recent cnn/orc poll shows three-quarters of latinos are more concerned about the economy than immigration policy. >> since most of these people work in the casino industry and the tourism industry, if the casino and the tourism industry is not making...
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Oct 4, 2012
10/12
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who would you rather have hanel the economy. an economy, romney by a huge margin. medicare, all the way down, so it just seemed like the president didn't respond in a way, that folks -- everybody went into the debate suspecting he would win. >> i was very candid. the challenger always -- always, always, always gets the bunch with the sitting president. they are on the stage with the president, toe to toe, much has been written about that. we knew that. and we knew governor romney has been practicing, reherselfing lines since june for this. >> and you know you also get another one. will i see you october 16th? >> i'll be there. >> me too. >> wolf being back to you. >> candy will be moderating the next presidential debate. jim acosta with a special guest, marco rubio who supports mitt romney. must be pretty happy. >> that's right, wolf. we had senator rubio listen to david axelrod's comments. we heard him say let's not get caught up in the theater of the moment. i'm guessing from your vantage point, it was a good play tonight. >> the only one more frustrated than bar
who would you rather have hanel the economy. an economy, romney by a huge margin. medicare, all the way down, so it just seemed like the president didn't respond in a way, that folks -- everybody went into the debate suspecting he would win. >> i was very candid. the challenger always -- always, always, always gets the bunch with the sitting president. they are on the stage with the president, toe to toe, much has been written about that. we knew that. and we knew governor romney has been...
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. >> president obama and the economy. how is he managed to avoid public retribution for not fixing the economy? >> it's not a normal thing. >> the extraordinary work of a clinton initiative. >> keep pushing the rocks up the hill. >> big ideas from the big names. dee pock chopra, things get lively at the global initiative. you want to make farming sexy, don't you? this is "piers morgan tonight." >>> mr. president, thank you very much for sparing the time to talk to me. you are in the eighth year now, of the clinton global initiative. i would imagine all the world leaders you managed to amass here, there are a few topics of concentrated attention. probably right at the top of the list would be this simmering tension between israel and iran. now, i interviewed president ahmadinejad last night and he was adamant that he has no plan to build a nuclear weapon, that he has purely peaceful intention. clearly, most people here don't believe him. what is the smart thing for america to do right now, given the ratcheting up of the rh
. >> president obama and the economy. how is he managed to avoid public retribution for not fixing the economy? >> it's not a normal thing. >> the extraordinary work of a clinton initiative. >> keep pushing the rocks up the hill. >> big ideas from the big names. dee pock chopra, things get lively at the global initiative. you want to make farming sexy, don't you? this is "piers morgan tonight." >>> mr. president, thank you very much for sparing...
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Oct 4, 2012
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big questions over the role of government when it comes to the economy. these two guys could not be further apart. did they make their case clear last night? >> it was part of the debate i enjoyed the most. i enjoyed the economic stuff. when it got to the role of golf, jim lehrer asked that and i thought they stated their case and mitt romney stated it well where he said he doesn't believe the federal government can do much that is better than the private sector can be left to do or individuals can do and barack obama, you know, he started by saying the major role of government is keeping its people safe. but that is a fundamental disagreement between conservatives and liberals. i think -- i don't know that too many people would have been confused about their answers or would have expected them to say something else but i think it's important that your vote this time around is determined by what role you think government should have. the key difference to remeer is in the last four years with the economic collapse, we live in a world, in a country where 7
big questions over the role of government when it comes to the economy. these two guys could not be further apart. did they make their case clear last night? >> it was part of the debate i enjoyed the most. i enjoyed the economic stuff. when it got to the role of golf, jim lehrer asked that and i thought they stated their case and mitt romney stated it well where he said he doesn't believe the federal government can do much that is better than the private sector can be left to do or...
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Dec 1, 2012
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consumer spending is a big driver of the economy, but don't let all the hype ruin your personal economy. be smart about your money, it will make you rich and probably much happier than any holiday gift. >>> coming up, we're walking a financial tight rope. this calls for a serious balancing act and if congress stumbles, we're the ones who fall down. i'll rant on that after the break. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ it's called passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. so does aarp, serving americans 50 and over for generations. so it's no surprise millions have chosen an aarp dicare supplement insurance plan, insured by
consumer spending is a big driver of the economy, but don't let all the hype ruin your personal economy. be smart about your money, it will make you rich and probably much happier than any holiday gift. >>> coming up, we're walking a financial tight rope. this calls for a serious balancing act and if congress stumbles, we're the ones who fall down. i'll rant on that after the break. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than...
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Jun 8, 2012
06/12
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if congress doesn't make a deal, the economy will go back into recession. as our economic strike team member jim biaco reminded us, the debt ceiling has to pass congress on that date too. so the secret talks include some of the patriots that want to do a deal like republican tom coburn and democrat mark warner who have been telling me for a while that they're working on a deal. but there need to be a lot more elected leaders who understand the urgency of this moment and are willing to compromise. chris van hollen of maryland is the top democrat on the house budget committee. he joins me tonight. good to see you, sir. the fed chairman was pleading with you guys today. he really was pleading. are you all still counting on some level the fed could bail congress out, do something else, some more quantitative easing so the congress doesn't have to act this summer? >> no, we're not counting on that, erin. ben bernanke is exactly right, congress should get its act together, needs to get its act together to prevent the fiscal cliff, which would hurt the economy, an
if congress doesn't make a deal, the economy will go back into recession. as our economic strike team member jim biaco reminded us, the debt ceiling has to pass congress on that date too. so the secret talks include some of the patriots that want to do a deal like republican tom coburn and democrat mark warner who have been telling me for a while that they're working on a deal. but there need to be a lot more elected leaders who understand the urgency of this moment and are willing to...
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Sep 27, 2012
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. turn to senokot-s tablets. senokot-s has a natural vegetable laxative ingredient plus the comfort of a stool softener for gentle, overnight relief of occasional constipation. go to senokot-s.com for savings. those surprising little still make you take notice.. there are a million reasons why. but your erectile dysfunction that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may caus
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. turn to senokot-s tablets. senokot-s has a natural vegetable laxative ingredient plus the comfort of a stool softener for gentle, overnight relief of occasional constipation. go to senokot-s.com for savings. those surprising little still...
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Sep 7, 2012
09/12
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and rebuild this economy on a stronger foundation. that's what we can do in the next four years, and that is why i'm running for a second term as president of the united states. [ applause ] >> we'll be right back with more of president obama's speech. great shot. how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creating fans from berlin to beijing. what can we help you build? nice shot kid. the nba around the world built by the only company that could. cisco. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >>> gabby! gabby! gabby! >> i pledge allegiance to the flag of the united states of america, and to the republic for which it stands, one nation, under god, indivisible, with liberty and justice for a
and rebuild this economy on a stronger foundation. that's what we can do in the next four years, and that is why i'm running for a second term as president of the united states. [ applause ] >> we'll be right back with more of president obama's speech. great shot. how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creating fans from berlin to beijing. what can we help you build?...
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Oct 1, 2012
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it's the economy. we talk a lot about low interest rates on this show. right now money is as cheap as you can get. christine romans is here to talk about the other side of cheap interest rates. you don't always benefit. you might get a great, you know, bonus on your mortgage rate. >> right. >> i was just looking back in the '80s. a five-year cd, which is where you want to plunk your money. back in the '80s when we were just babies. >> i don't remember the '80s, actually. >> liar, liar. 12%, we used to get 12% on a five-year cd. today, what? 2%. >> not even 2%. if you're lucky. a one-year cd is basically .3%. a savings account is -- i mean, talk about inflation, you're losing money by being safe and by playing it safe. and this really hurts people who are closer to retirement or people who don't want to take a risk in the market. so these low interest rates we've been telling you about, the fed keeping rates low, it's been great to refinance a mortgage, great to borrow money to buy a car, to buy a car, it's been great. it has not been good for savers. sav
it's the economy. we talk a lot about low interest rates on this show. right now money is as cheap as you can get. christine romans is here to talk about the other side of cheap interest rates. you don't always benefit. you might get a great, you know, bonus on your mortgage rate. >> right. >> i was just looking back in the '80s. a five-year cd, which is where you want to plunk your money. back in the '80s when we were just babies. >> i don't remember the '80s, actually....
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Sep 30, 2012
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. perform, compete and grow. and people are driving this change. that's the power of human resources. the society... for human resource management and its members know... how to harness that power, because we help develop it. from the next economy, to the next generation, we help get... the most out of business, by getting the best out of people. shrm. leading people, leading organizations. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. >>> it was perhaps no bigger story this week at a time when world leaders gathered at the u.n., whe
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. perform, compete and grow. and people...
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Jan 14, 2012
01/12
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number four, consumer sentiment, a study of how consumers feel about the economy, and it jumped in economy, good news. up for the fifth time in a row. better than expathed. now, analysts say this is positive, but it's important to note sentiment does not correlate with spending, only expectations and analysts tell us it's all about that payroll tax if it doesn't get extended at the end of next month when it expire, you could see a big drop. it's been 161 days since america lost its top credit rating. what are we doing to get it back? it was a very unlucky friday 13th in europe. standard & poor's downgrading in nine countries and they, like mitt romney and newt gingrich a little, speak french. more on that. i do not speak french. president obama today sounding a bt like his republican opponents on the campaign trail. he announced plans to make the federal government quote, leaner. >> today, i'm calling on congress to reinstate the authority that past presidents have had to streamline and reform the executive branch. let me be clear. i will only use this authority for reforms that result in
number four, consumer sentiment, a study of how consumers feel about the economy, and it jumped in economy, good news. up for the fifth time in a row. better than expathed. now, analysts say this is positive, but it's important to note sentiment does not correlate with spending, only expectations and analysts tell us it's all about that payroll tax if it doesn't get extended at the end of next month when it expire, you could see a big drop. it's been 161 days since america lost its top credit...
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Sep 8, 2012
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. >> this past july, the economy added 172,000 jobs. the 29th consecutive month of private sector job gains. >> 4.5 million. >> 4.5 million. >> 4.5 million new jobs. >> president obama, plus 4.5 million. congressional republicans, zero. >> over and over the president, democratic leaders talked about 4.5 million jobs. what they don't want to talk about is the kind of jobs that have been added. jobs have been created. but more than half of them 58% have been low-wage jobs. that's according to a report by the national employment law project. that backs up another report from the labor department that shows more than half of the workers who lost jobs and manage to find new ones are now working for lower pay. focus on just this latest jobs report, 96000 new jobs were added in august but that's still some 24,000 fewer than what economists were expecting. economists called the report disappointing. and say at least 150,000 jobs have to be created each month just to keep pace with the population population. we don't have to tell the 12.5 millio
. >> this past july, the economy added 172,000 jobs. the 29th consecutive month of private sector job gains. >> 4.5 million. >> 4.5 million. >> 4.5 million new jobs. >> president obama, plus 4.5 million. congressional republicans, zero. >> over and over the president, democratic leaders talked about 4.5 million jobs. what they don't want to talk about is the kind of jobs that have been added. jobs have been created. but more than half of them 58% have been...
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Jan 14, 2012
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number four, consumer sentiment, a study of how consumers feel about the economy, and it jumped in economy, good news. up for the fifth time in a row. better than expathed. now, analysts say this is positive, but it's important to note sentiment does not correlate with spending, only expectations and analysts tell us it's all about that payroll tax if it doesn't get extended at the end of next month when it expire, you could see a big drop. it's been 161 days since america lost its top credit rating. what are we doing to get it back? it was a very unlucky friday 13th in europe. standard & poor's downgrading in nine countries and they, like mitt romney and newt gingrich a little, speak french. more on that. i do not speak french. president obama today sounding a bt like his republican opponents on the campaign trail. he announced plans to make the federal government quote, leaner. >> today, i'm calling on congress to reinstate the authority that past presidents have had to streamline and reform the executive branch. let me be clear. i will only use this authority for reforms that result in
number four, consumer sentiment, a study of how consumers feel about the economy, and it jumped in economy, good news. up for the fifth time in a row. better than expathed. now, analysts say this is positive, but it's important to note sentiment does not correlate with spending, only expectations and analysts tell us it's all about that payroll tax if it doesn't get extended at the end of next month when it expire, you could see a big drop. it's been 161 days since america lost its top credit...
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Oct 27, 2012
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comments, but, predominantly, we have talked about the issues and those are primarily jobs and the economy. >> let's talk more about where we're moving forward with the ground game. president obama has an advantage in most of the swing states when it comes to the ground game, the campaign offices. how does mitt romney make up for his deficit there? >> well, here, the victory program that the republican national committee is operating in conjunction with the various state parties has been very effective here in new hampshire. we organize north, east, south and west. we have hundreds of volunteers and a great victory staff and we have the inneenthusiasm and the drive. we're matching president obama. >> the other big story we're following is sandy, another tropical storm, but could really put a wrench in the plan for the campaigns. how is the state party working to compensate for that? >> well, because this is just a recent development, we are working with the, you know, we are working on various contingencies and those are in process even as i speak. the good news is sandy is hitting during
comments, but, predominantly, we have talked about the issues and those are primarily jobs and the economy. >> let's talk more about where we're moving forward with the ground game. president obama has an advantage in most of the swing states when it comes to the ground game, the campaign offices. how does mitt romney make up for his deficit there? >> well, here, the victory program that the republican national committee is operating in conjunction with the various state parties has...
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Jan 14, 2012
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i asked who they thought was the best on the republican side of the economy. all but three picked mitt romney, two picked you. most said if romney didn't win, they'd be okay with you. let me just ask you about this. what do you have to say to those business leaders that picked mitt romney over you? >> look, i don't blame them. mitt romney's running around saying he created 100,000 jobs. two days ago, "the washington post" gave him three pinocchios because he said it wasn't true, he couldn't prove it. when he ran for the senate, he claimed 10,000 jobs and a new ad, drop the claim. says he helped create thousands of jobs. he's had six months of running without anybody challenging him on this claim. now, it turns out he didn't create very many jobs in the private sector and actually weakened job creation in massachusetts. i suspect if you go back to your panel and sigh, this guy was 47th in job creation, raised $730 million in taxes, they can go to romneytaxes.com and they will see how many taxes he raised because there was a long list there. i think all of a sud
i asked who they thought was the best on the republican side of the economy. all but three picked mitt romney, two picked you. most said if romney didn't win, they'd be okay with you. let me just ask you about this. what do you have to say to those business leaders that picked mitt romney over you? >> look, i don't blame them. mitt romney's running around saying he created 100,000 jobs. two days ago, "the washington post" gave him three pinocchios because he said it wasn't true,...
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Sep 10, 2012
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. >>> i'm godon lemon. at least 79 people were killed in iraq today from attacks. a car bomb at a recruitment center and iraqi forces killing 16 people and 32 other people were killed in baghdad and 13 more car bombs exploded in a district. the u.s. condemned the attacks for targeting innocent civilians. >>> in syria, a bomb landed on a kindergarten in aleppo today, causing many casualties. the opposition said more than 160 people were killed across the country today. >>> president obama had an uplifting moment at a florida pizza shop today. the owner lifting him in a bear hug several feet off the ground. saying medicare would give money back to insurance companies an put them in charge of medicare. >>> mitt romney's taped interview on nbc's "meet the press" has people talking. romney said he fa
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. >>> i'm godon lemon. at least 79 people were killed in iraq today from attacks. a car bomb at a recruitment center and iraqi forces killing 16 people and 32 other people were killed in baghdad and 13 more car bombs...
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Apr 15, 2012
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an economy on the brink that i didn't do a thing about and made things worse. that's what this is about. >> let me just point out because democrats are very sensitive to this that the president did not himself say hey listen unemployment will stay under 8% it was his soon to be economic advisors that drew up a report. but i understand your point. >> said 6% by now. to tell truth. >> by now in that projection. >> we're talking about 11 hours of revenue. this is where we've shut down washington, d.c. to talk about 11 hours of revenue while millions of people are out of work. >> let me ask you about your presumptive candidate, mitt romney, who said on friday, listen i'm not going -- i need an extension on my tax returns due is it monday, the 17th of april. i just wonder if that is a good move for your nominee because you know the democrats are going to pound him. why not get this stuff done and put it out there? he's a wealthy man. we all pretty much know how much he's going to pay in taxes and you saw how much he got hammered during the primary for not putting ou
an economy on the brink that i didn't do a thing about and made things worse. that's what this is about. >> let me just point out because democrats are very sensitive to this that the president did not himself say hey listen unemployment will stay under 8% it was his soon to be economic advisors that drew up a report. but i understand your point. >> said 6% by now. to tell truth. >> by now in that projection. >> we're talking about 11 hours of revenue. this is where...
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Jul 20, 2012
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the economy. i feel very strongly about some national security issues which you and i will be talking about later on. and i wish more americans were involved in these national security issues. but it's understandable that jobs and the economy is the key to winning the election in november. >> given that it's going to be about the economy, i completely concur with that, clearly, a lot of attention, now, on mitt romney's business record. on his tax affairs and so on. let's go through this stage by stage. in terms of his record at bain, clearly when you took him on a few years ago, as everybody does in these campaigns, you were pretty critical of his record at bain and, indeed, as governor of massachusetts. how much of a problem is it going to be if barack obama begins replaying that criticism and indeed from other senior republicans to say, come on, even you guys didn't think he was that great? >> well, probably the same impression that people have when they show hillary clinton saying "shame on you
the economy. i feel very strongly about some national security issues which you and i will be talking about later on. and i wish more americans were involved in these national security issues. but it's understandable that jobs and the economy is the key to winning the election in november. >> given that it's going to be about the economy, i completely concur with that, clearly, a lot of attention, now, on mitt romney's business record. on his tax affairs and so on. let's go through this...
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Dec 10, 2012
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and meantime, a new outlook on the economy. and fedex preparing for its busiest day in history and the company expect to move 19 million packages monday as people rush to make online purchases for christmas. >>> and here's what we are watching this week. "showbiz tonight" is counting down the most provocative celebs for the entire year. it's the showbiz countdown that can't be missed. >>> the bombing of pearl harbor, and cnn sat down with one soldier that was there to hear his incredible story. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. i hea
and meantime, a new outlook on the economy. and fedex preparing for its busiest day in history and the company expect to move 19 million packages monday as people rush to make online purchases for christmas. >>> and here's what we are watching this week. "showbiz tonight" is counting down the most provocative celebs for the entire year. it's the showbiz countdown that can't be missed. >>> the bombing of pearl harbor, and cnn sat down with one soldier that was there...
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and meantime, a new outlook on the economy. and fedex preparing for its busiest day in history and the company expect to move 19 million packages monday as people rush to make online purchases for christmas. >>> and here's what we are watching this week. "showbiz tonight" is counting down the most provocative celebs fothe entire year. it's the showbiz countdown that can't be missed. >>> the bombing of pearl harbor, and cnn sat down with one soldier that was there to hear his incredible story. i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. [ traffic passing ] ] ♪ [ music box: lullaby ] [ man on tv, indistinct ] ♪ [ lullaby continues ] [ baby coos ] [ man announcing ] millions are still exposed to the dangers... of secondhand smoke... and some of them can't do anything about it. ♪ [ continues ] [ gasping ] >>> here is one of the 16 million americans who answered the call of service, and now
and meantime, a new outlook on the economy. and fedex preparing for its busiest day in history and the company expect to move 19 million packages monday as people rush to make online purchases for christmas. >>> and here's what we are watching this week. "showbiz tonight" is counting down the most provocative celebs fothe entire year. it's the showbiz countdown that can't be missed. >>> the bombing of pearl harbor, and cnn sat down with one soldier that was there to...
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Sep 13, 2012
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it is a fact that president obama was handed a miserable, faltering economy and faced a rekals trant republican opposition, but presidents work their will or should work their will on the important matters of national business. there is occasional discussion in this book about presidents reagan and clinton, what they did or would have done. open as both are to serious criticism, they nonetheless largely worked their will. obama has not. >> yes, that's right. on the economic issues, which have to do with the full faith and credit of the united states. this is not just a budget issue or some sort of credit rating issue, this is the question of whether the united states government has the authority from congress to pay its bills. as you know, we borrow a trillion dollars a year and we have to borrow that money on the world -- >> and we're on the verge of a fiscal cliff right now and so many of the issues that you raise in this book are after the election during those two months of that lame-duck session, they're going to explode. >> they certainly could. but the point is we haven't solv
it is a fact that president obama was handed a miserable, faltering economy and faced a rekals trant republican opposition, but presidents work their will or should work their will on the important matters of national business. there is occasional discussion in this book about presidents reagan and clinton, what they did or would have done. open as both are to serious criticism, they nonetheless largely worked their will. obama has not. >> yes, that's right. on the economic issues, which...
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Oct 8, 2012
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. >> spain spends 42% of their total economy on government. we're now spending 42% of our economy on government. i don't want to go down the path to spain. i want to go down the path of growth that puts americans to work with more money coming in because they're working. >> all right. i don't want -- >> no, no. >> i can imagine it would seem offensive. here is the question had it comes to his words versus the president's words. the president, everyone hangs on every syllable or consonant. mitt romney, does he have more latitude or is he under the same microscope over seize? >> he is not under the same microscope. some of the things he's said in the past before that comment about spain, for instance, about the palestinians and how israelis are somehow implying culturally business minded where as the palestinians are not and some of the things he said regarding russia, for instance, that it is america's number one geopolitical foe, and those have been framed in the foreign press and other countries outside of the united states as gaffes by someo
. >> spain spends 42% of their total economy on government. we're now spending 42% of our economy on government. i don't want to go down the path to spain. i want to go down the path of growth that puts americans to work with more money coming in because they're working. >> all right. i don't want -- >> no, no. >> i can imagine it would seem offensive. here is the question had it comes to his words versus the president's words. the president, everyone hangs on every...
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Sep 24, 2012
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economy remains highly comp pettism the world economic forums report ranks the u.s. overall as the seventh most competitive in the world. that's why a few months ago, "the economist" magazine predicted an american renaissance. where we have slipped badly of late is in our investments, in people, science and infrastructure. so, president obama's message is urgent i and relevant. but why do we have to choose between these two views? we need tax and reg tear ulator reform to make ourselves competitive. america has to make itself attractive for investors, consumers and tourists alike but also should make the crucial investment wes need for a 21st century economy. these two views look at the same challenge from different perspectives. governor romney's right to look at the world that companies operate in with its challenges and opportunities. over the last 20 years shall as communism collapsed and socialism discredited there have been lower taxes and stream lining of regulations. the u.s. has to stay competitive or over the long run, investment, industry and jobs will mov
economy remains highly comp pettism the world economic forums report ranks the u.s. overall as the seventh most competitive in the world. that's why a few months ago, "the economist" magazine predicted an american renaissance. where we have slipped badly of late is in our investments, in people, science and infrastructure. so, president obama's message is urgent i and relevant. but why do we have to choose between these two views? we need tax and reg tear ulator reform to make...
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Sep 12, 2012
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. why they have a raise your rate cd....
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Jul 4, 2012
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economy. many economists say that he is when an economy can no longer grow. but maybe she's right about america, because america is only neerg 70% on that crucial ratio of debt to the size of our economy. so as hard as this advice may be to take from someone who is french -- we're being tongue in cheek -- steven is well us and julian great to see you both. steven moore, it may be hard to take it from someone who is french, but she points out we have a little more room and when you look at that crucial ratio, maybe she's right. >> well, it is hard to take, and you know, what she is saying is she wants the united states to be more like france. we're at 70% of our debt to gdp, they're at 90%. she wants more spending, she wants more stimulus. there's a couple of problems with that. but i mean, why would we want to move in the direction that france and italy and spain and grease have done. we have move away from that model. it's almost like the bobcats' coach explaining to lebron james how to win a
economy. many economists say that he is when an economy can no longer grow. but maybe she's right about america, because america is only neerg 70% on that crucial ratio of debt to the size of our economy. so as hard as this advice may be to take from someone who is french -- we're being tongue in cheek -- steven is well us and julian great to see you both. steven moore, it may be hard to take it from someone who is french, but she points out we have a little more room and when you look at that...
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Sep 13, 2012
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. >>> the deadly attack in libya is creating new fears of more unrest across the arab world. dan rather knows the region well. he spent decades covering the biggest news stories of our time. the anchor and managing editor of "dan rather reports." dan is joining us now. dan, thanks very much for coming in. give me your immediate reaction to what we're seeing happening in libya and egypt right now. what's going on over here? >> well, thank you, wolf. always good to be with you. i think the most important thing to understand is that the -- what we called the arab spring became the arab winter, and now a very hard arab winter is setting in. that's number one. number two, as some poet once said, things are in the center, the center cannot hold. there is a battle going on literally for the national so
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. >>> the deadly attack in libya is creating new fears of more unrest across the arab world. dan rather knows the region well. he spent decades covering the biggest news stories of our time. the anchor and managing editor of...
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Jul 6, 2012
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so everyone thinks that economy is growing at 8% but chan says china leaders fear the economy is settled in at zero growth. that would be devastating for the united states and for europe. today, by the way, the european central bank cut its interest rate to its lowest level ever in a desperate hope to spark growth there. aimee copeland who won a battle with flesh eating bacteria had her first full day of rehab. her father told us she is doing awesome. the 24-year-old is learning how to maneuver in a wheelchair and do day-to-day tasks. doctors had to amputate one of her legs and a foot and the father met with a construction company beginning to make their home ready for aimee to come home once she is done rehab and starting to work with her prosthetics limbs. >>> today, 30-year mortgage rates hit new record lows. now it cost 3.26% for an average 30-year fixed rate mortgage rate. that was 4.6% a year ago. now the united states may have terrible finances but people would rather lend to the u.s. than europe. now that means cheaper borrowing rate here. >>> "wall street journal" has turned on
so everyone thinks that economy is growing at 8% but chan says china leaders fear the economy is settled in at zero growth. that would be devastating for the united states and for europe. today, by the way, the european central bank cut its interest rate to its lowest level ever in a desperate hope to spark growth there. aimee copeland who won a battle with flesh eating bacteria had her first full day of rehab. her father told us she is doing awesome. the 24-year-old is learning how to maneuver...
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Dec 22, 2012
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instead, he wants more spending, more tax hikes that will hurt our economy. >> bottom line, right now we're hearing a lot less talk about some sort of a grand bargain. and instead, maybe some stopgap measures to give some certainty to americans before that end of the year deadline. randi? >> and is it just the taxes that's holding out the agreement or something more at this point? >> it's hard to know exactly. it seems like the biggest sticking point that we are hearing discussed publicly remains those taxes. $250,000 that americans make before their tax, 400,000, $1 million, that number has been shifted back and forth a little bit over the past week. what we've seen still hasn't given us any sure answers. randi? >> what's the hope here at this point? when might they come back to washington? and is there still a chance of a deal even though time is running short? >> yeah, if you try to go to a door to door in washington, you'd be walking a long time before anybody answered the doors. everyone has gone home for the christmas break, but everyone has also said they expect to be back some
instead, he wants more spending, more tax hikes that will hurt our economy. >> bottom line, right now we're hearing a lot less talk about some sort of a grand bargain. and instead, maybe some stopgap measures to give some certainty to americans before that end of the year deadline. randi? >> and is it just the taxes that's holding out the agreement or something more at this point? >> it's hard to know exactly. it seems like the biggest sticking point that we are hearing...
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when it comes to the taxes you pay, size of the government and the economy that works. john boehner is back at it, meeting tonight, trying it once again to reach a deal on the fiscal cliff. the question is, will it be any different this time. >> hey anderson, tonight the two men met for 50 minutes the oval office as they struggled it find way out of stalemate. so far, no word of the break through. both aides describe the conversation as frank and we're told that lines of communication remain open. now, that is political speak and i will translate it for you. frank, that generally means that conversation was somewhat tense of lines of communication remains open. that means that the two mens' staff will continue talking and there is no current plan for the two plen, the president and spe speaker boehner, to have a follow-up pleeting. >> after yet and speaker boehner does plan it return home to ohio tomorrow. now that's a challenge because for a deal to come together, because they are running out of time. they are all about out of time to get a deal done before the christm
when it comes to the taxes you pay, size of the government and the economy that works. john boehner is back at it, meeting tonight, trying it once again to reach a deal on the fiscal cliff. the question is, will it be any different this time. >> hey anderson, tonight the two men met for 50 minutes the oval office as they struggled it find way out of stalemate. so far, no word of the break through. both aides describe the conversation as frank and we're told that lines of communication...
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Mar 28, 2012
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how do you feel about the economy? those who say economic conditions are good. 31% say that now. 69% say poor. that is still kind of bleak. look at january, 18% say good. 80 purse s 80% say poor. if that numbers keeps progressing, the president is in much better shape. >> as you point out, 31% ain't great. when barack obama was inaugurated in january, 2009, that number was 13%. so he is doing very well on that score. also, our poll shows that by the way, more than half americans blame george w. bush and the republicans than the president and the democrats for the shape of the economy. that is also benefiting the president. >> if you assume the president has very strong support among democrats, let's assume if governor romney is the nominee, whoever they are, they heal the wounds and most republicans are for them. you have a fight and a comparative election in the middle. choice for president among independents. 55% favor president obama to 40% for governor romney. that's the problem. why? you asked people to say, do yo
how do you feel about the economy? those who say economic conditions are good. 31% say that now. 69% say poor. that is still kind of bleak. look at january, 18% say good. 80 purse s 80% say poor. if that numbers keeps progressing, the president is in much better shape. >> as you point out, 31% ain't great. when barack obama was inaugurated in january, 2009, that number was 13%. so he is doing very well on that score. also, our poll shows that by the way, more than half americans blame...
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Sep 19, 2012
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is the super pac economy running amuck? the federal elections commission and irs are tasked with overseeing outside spending. that's just what's been reported. if you've been watching john avalon's series all week, you'll know what's reported isn't always the truth. but tonight, you're talking about the watchdog agencies that are supposed to oversee these. >> that's right. there's this gold rush going on. but it really is like the wild west. people are pushing boundaries. getting away with anything and the regulators are toothless watchdogs. they are not doing their jobs and it's adding to the chaos of the super pac economy. let's start with the first group. federal election commission. they're the group that should be overseeing super pacs. here's the problem. federal election commission is divided into three republicans and three democrats. in the past, they have to figure out a big issue to be able to work together. >> i have a terrible feeling that i know. >> they are just reflexively deadlocked 3-3 on almost every issu
is the super pac economy running amuck? the federal elections commission and irs are tasked with overseeing outside spending. that's just what's been reported. if you've been watching john avalon's series all week, you'll know what's reported isn't always the truth. but tonight, you're talking about the watchdog agencies that are supposed to oversee these. >> that's right. there's this gold rush going on. but it really is like the wild west. people are pushing boundaries. getting away...
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Jun 10, 2012
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >>> president obama had a news conference at the white house on friday to address concerns about the economy, but he ended up making news in a way he didn't intend. let's take a look at the one sentence the president uttered that has gotten a lot of scrutiny, shall we say, from the media, and then we'll give you the fuller context of what obama said. >> the private sector is doing fine. the private sector is doing fine. the private sector is doing fine. the truth of the matter is that as i said, we've created 4.3 million jobs over the last two -- 27 months, over 800,000 just this year alone. the private sector is doing fine. where
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >>> president obama had a news conference at the white...
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Jul 3, 2012
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economy. it was interesting. she didn't mention -- all these things she said that the united states should do, more unemployment insurance, pay more people to stay unemployed, housing assistance, infrastructure. she didn't talk about the one -- and i know, erin, you disagree with me on this one. but i think the big danger is all those tax rates going up on january 1, 2013. and she didn't mention that at all. but i think that does have negative effects for businesses incentives to invest -- >> she said everything else she said, she might as well have gone there. you jump in and tell america how to run its economy, come on, go all the way. >> beside the fact that the imf is there to look after global economy, and america is the world's biggest economy. so obviously, the rest of the world is very concerned about what happens here. and it's not so much the details of any kind of fiscal measures that are worrying people right now. it's a threat there may not be any plan that actually by the end of the year we'll have
economy. it was interesting. she didn't mention -- all these things she said that the united states should do, more unemployment insurance, pay more people to stay unemployed, housing assistance, infrastructure. she didn't talk about the one -- and i know, erin, you disagree with me on this one. but i think the big danger is all those tax rates going up on january 1, 2013. and she didn't mention that at all. but i think that does have negative effects for businesses incentives to invest --...
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Dec 2, 2012
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not just for the american economy, but for the world economy. we have a chance to do something very good for the country, very good for the country now. not just protecting 98% of americans from seeing an increase in their taxes, not just preventing the threat of default hanging over the country in the future, not just preventing deeply damaging spending cuts, but doing something to create room to invest in infrastructure, strengthen the economy, get more people back to work, and putting our long tv term fiscal house in order. there's no surprise. you're a pro at this. there's going to be a lot of political theater between now and when we get there. >> is this a part of that political theater? this is your opening gambet here. it's not -- you know you're not going to get what you went up there -- >> what we're trying to do -- this is the only way i know how to do these things. you have to be clear and direct with people about what you want and what you need and what's important for the country, and that's what we did. in those proposals, no surp
not just for the american economy, but for the world economy. we have a chance to do something very good for the country, very good for the country now. not just protecting 98% of americans from seeing an increase in their taxes, not just preventing the threat of default hanging over the country in the future, not just preventing deeply damaging spending cuts, but doing something to create room to invest in infrastructure, strengthen the economy, get more people back to work, and putting our...
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and the economy, difficulties have exacerbated that. i have to put a lot of blame on republicans and democrats but i would also argue that perhaps the president of the united states could have done, like bill clinton did, after the democrats suffered defeat in election, he called bob dole and newt gingrich over and they did reformed welfare. they made some agreements. i would love it see the president, maybe now it's too late, until after the election, if he is re-elected, to call republicans and democrats together. if romney is elected, call republicans and democrats together. you are seeing the rise of the independent voter in this country. i don't know exactly what is going to happen. but the dissatisfaction with both parties is palpable. >> you have been very vocal about fund-raising. for parties of candidates. i interviewed justice scalia last night and he was fascinating. he said under freedom of speech, the power to raise as much money as you want. to express your freedom of speech. what do you think of that? >> i think that it's
and the economy, difficulties have exacerbated that. i have to put a lot of blame on republicans and democrats but i would also argue that perhaps the president of the united states could have done, like bill clinton did, after the democrats suffered defeat in election, he called bob dole and newt gingrich over and they did reformed welfare. they made some agreements. i would love it see the president, maybe now it's too late, until after the election, if he is re-elected, to call republicans...